We bought them with the intentions of following through on the entire project, but we'd rather liquidate them now for other commercial investments.
1010 Rancho Rd, Arcadia, CA 91006
Purchase Price = $1.66M
Rehab Estimate = $500K
ARV = $2.7M
Architecture and plans already done. Approved plans & permits to be obtained within next two months or less.
The property is located in the prestigious Santa Anita Oaks area and the highly sought after Arcadia School District. There are 3 bedrooms and 1.75 bathrooms. The home was built in 1949 and has 2,057 square feet of original living space. The home is a single story home with a 2 car garage. The lot is .77 acres (33,000 sqft)
Basically everything is going to be redone. There's going to be substantial changes to the original floor plan to bring the home to a more open and modern style with an open concept kitchen, dining room and family room. We will be adding an additional 2,300 square feet to the original floor plan. The backyard will also undergo a dramatic change with extensive hardscape and landscape done around the pool area. With the addition of 2,300 sqft of living space being added to the property, it will give the property a total of 4,357 sqft of living space along with updating the curb appeal to reflect new construction. Due to location and selling price point bathrooms, kitchen, master bedroom and flooring will all reflect upscale finishes. Landscaping will be updated in front of house.
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